Net interest margin

Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2023; Declares First Quarter Dividend

Retrieved on: 
Wednesday, January 24, 2024

Noninterest expense to average assets was 1.56% for the quarter ended December 31, 2023 and 1.55% for the year ended December 31, 2023.

Key Points: 
  • Noninterest expense to average assets was 1.56% for the quarter ended December 31, 2023 and 1.55% for the year ended December 31, 2023.
  • Return on average assets was 1.03% for the quarter ended December 31, 2023 and 1.13% for the year ended December 31, 2023.
  • The net interest margin was 2.81% for the quarter ended December 31, 2023 and 2.98% for the year ended December 31, 2023.
  • Net income for the quarter ended December 31, 2023 was $8.5 million, versus $8.0 million for the quarter ended December 31, 2022.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments pertaining to the Board’s Strategic Planning - “A successful roadmap for growing our Bank”

Retrieved on: 
Friday, December 8, 2023

The net change in total assets was partially driven by a $26 million increase in net loans.

Key Points: 
  • The net change in total assets was partially driven by a $26 million increase in net loans.
  • Since the Company announced entry into Accounts Receivable Financing to Skilled Nursing Facilities at the end of last year, our SNF portfolio has grown to over $28MM.
  • Growing the asset size of the Company for the remainder of 2023 and into 2024 is facilitating our goal to provide greater shareholder returns.
  • OptimumBank’s strategic plan also encompasses expanding lending capabilities, increasing the Company’s core deposit base primarily with fee-based income businesses and by evaluating M&A opportunities.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Third Quarter Earnings

Retrieved on: 
Thursday, November 9, 2023

Net loans grew by $96 million to $574 million on September 30, 2023, from $477 million at December 2022.

Key Points: 
  • Net loans grew by $96 million to $574 million on September 30, 2023, from $477 million at December 2022.
  • Deposits grew by approximately $110 million to $618 million on September 30, 2023, from $508 million at December 31, 2022.
  • The Company has an available credit line of 158MM Federal Home Loan Bank and maintained advances at $10 million during the first nine month of 2023.
  • During the nine-months ended September 30, 2023, the net charge off amounting to $1.4 million primarily resulted from consumer lending.

ES Bancshares, Inc. Announces Third Quarter Results; Continues Trend of Increasing Tangible Book Value Per Share While Accelerating Cost Savings Program

Retrieved on: 
Monday, October 30, 2023

This effort centers around enhancing our cost structure through measures such as trimming vendor expenditures, automating, and realigning our workforce.

Key Points: 
  • This effort centers around enhancing our cost structure through measures such as trimming vendor expenditures, automating, and realigning our workforce.
  • As of September 30, 2023, total assets were $630.3 million, an increase of $42.4 million, or 7.2%, as compared to total assets of $587.9 million on December 31, 2022.
  • As of September 30, 2023, the Allowance for Loan Credit Losses as a percentage of gross loans was 0.89%.
  • Non-interest income totaled $758 thousand for the nine months ended September 30, 2023, compared with non-interest income of $2.1 million for the nine months ended September 30, 2022.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments pertaining to the Board’s strategic planning - “A successful roadmap for growing our Bank”

Retrieved on: 
Friday, October 6, 2023

Relieved from certain regulatory constraints in 2019, the Board and Management created a Strategic Plan which provided the roadmap for growing the size and profitability of OptimumBank and developing strong and lasting customer relationships along the way.

Key Points: 
  • Relieved from certain regulatory constraints in 2019, the Board and Management created a Strategic Plan which provided the roadmap for growing the size and profitability of OptimumBank and developing strong and lasting customer relationships along the way.
  • Through September 30, 2023, the Bank’s assets have grown close to $127 million.
  • Growing the asset size of the Bank for the remainder 2023 and into 2024 is facilitating our goal to provide greater shareholder returns.
  • The Board and Management are working hard to improve on our results and truly succeed in bringing returns to all of our shareholders.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces Second Quarter Earnings

Retrieved on: 
Thursday, August 10, 2023

The growth in assets was attributable to the success of the Company’s efforts to increase loans and deposits from new customers.

Key Points: 
  • The growth in assets was attributable to the success of the Company’s efforts to increase loans and deposits from new customers.
  • Net loans grew by $42 million to $519 million at June 30, 2023 from $477 million at December 31, 2022.
  • Deposits grew by approximately $44 million to $552 million at June 30, 2023, from $477 million at December 31, 2022.
  • The Company maintained the Federal Home Loan Bank advances at $10 million during the first six month of 2023.

Chino Commercial Bancorp Reports Second Quarter Earnings

Retrieved on: 
Friday, July 21, 2023

CHINO, Calif., July 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the second quarter ended June 30, 2023.

Key Points: 
  • CHINO, Calif., July 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the second quarter ended June 30, 2023.
  • Net earnings for the second quarter of 2023, were $1.3 million, or an increase of 2.53%, as compared with earnings of $1.2 million for the same quarter last year.
  • Net earnings per basic and diluted share was $0.39 for the second quarter of 2023, and $0.38 for the same quarter last year.
  • The effective income tax rate for the second quarter of 2022 and 2021 were approximately 28.5%, for both periods.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces First Quarter Earnings

Retrieved on: 
Friday, May 26, 2023

The growth in assets was attributable to the success of the Company’s efforts to increase loans and deposits from new customers.

Key Points: 
  • The growth in assets was attributable to the success of the Company’s efforts to increase loans and deposits from new customers.
  • Deposits grew by approximately $19 million to $527 million as of March 31, 2023 from $508 million at December 31, 2022.
  • The Company increased the Federal Home Loan Bank advances by $15 million to $25 million as of March 31, 2023.
  • The most recent performance measurements ranked OptimumBank within the top ten Florida banks in both asset and loan growth over the last twelve months.

Credicorp Ltd.: Credicorp Ltd. Reports First Quarter 2023 Financial and Operating Results

Retrieved on: 
Saturday, May 6, 2023

Lima, May 05, 2023 (GLOBE NEWSWIRE) -- Credicorp Ltd. Reports First Quarter 2023 Financial and Operating Results

Key Points: 
  • Lima, May 05, 2023 (GLOBE NEWSWIRE) -- Credicorp Ltd. Reports First Quarter 2023 Financial and Operating Results
    Lima, Peru – May 5, 2023 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama today reported its unaudited results for the quarter ended March 31, 2023.
  • Financial results are expressed in Soles and are presented in accordance with International Financial Reporting Standards (IFRS).
  • Net Income attributable to Credicorp increased 18.1% YoY to stand at S/1,384 million, driven by an improvement in performance in Universal Banking and strong results in the Insurance business.
  • ROAE rose to 18.7% in the quarter, up from 17.0% in 1Q22 and seasonally higher than the 15.3% reported in 4Q22.

Illinois-Based Signature Bank Reports Record Results

Retrieved on: 
Saturday, March 11, 2023

Privately held Signature Bank headquartered in Rosemont, Illinois announced record returns and earnings in 2022.

Key Points: 
  • Privately held Signature Bank headquartered in Rosemont, Illinois announced record returns and earnings in 2022.
  • After nearly 17 years, this relationship-based approach to commercial banking continues to serve Signature Bank well.
  • Bryan Duncan, Co-Founder, commented, "My partners, Mick O'Rourke and Kevin Bastuga, and I are proud of Signature Bank's 2022 results.
  • Here at Signature Bank, our deposit relationships are strong, and our liquidity and capital ratios are well above industry standards.